March 16, 2020 @ 2:27 pm By Samantha Hurst  |  

DBL Digital, a division of DrawBridge Lending, announced on Monday the launch of its Bitcoin Managed Account Program (MAP) for individual and institutional investors. According to DBL Digital, the program provides investors with exposure to the Crypto market in a risk-mitigated fashion, although virtual currency… Read More

March 16, 2020 @ 2:03 pm By Samantha Hurst  |  

Aurus, a UK-based fintech, scored a €1 million investment from Dubai-based venture capital Silver Rock Group for its gold-back token project. Founded in 2017, Aurus describes itself as a marketplace for crypto-currencies that represent shared ownership of physical assets. The company noted that together with… Read More

March 16, 2020 @ 12:24 pm By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Monday it is officially shipping MCO Visa debit cards to the UK. The platform reported that the MCO Visa Card range features metal cards with no annual or monthly fees, up to 5 percent cryptocurrency cashback on everyday… Read More

March 16, 2020 @ 10:21 am By Samantha Hurst  |  

Online lending exchange LendingTree (NASDAQ: TREE) announced on Monday the launch of a free identity monitoring feature for My LendingTree users through a new partnership with ID Experts, an identity protection provider. LendingTree reported the feature was created in an effort to help consumers further safeguard… Read More

March 16, 2020 @ 9:15 am By Samantha Hurst  |  

Arcus, a U.S.-based fintech platform, announced on Monday it has formed a partnership with global retail chain 7-Eleven to introduce a suite of payment solutions to its mobile app to focus on “cash-centric” consumers. Through the partnership, 7-Eleven is using Arcus’ technology to power an… Read More

March 15, 2020 @ 10:50 pm By Samantha Hurst  |  

Accenture (NYSE: ACN) recently announced the acquisition of ESR Labs, a Munich-based company that develops embedded software for German car brands and suppliers. This news comes just days after Accenture acquired Mudano, which is a strategic data consultancy to UK financial services firms, further enhancing its… Read More

March 15, 2020 @ 10:41 pm By Samantha Hurst  |  

Western Union (NYSE: WU) recently announced the launch of its WU Incoming Payments for Legal, which is geared towards small and medium-sized law firms to help manage the administration and foreign exchange volatility often associated with foreign invoices. According to Western Union, the new solution… Read More

March 15, 2020 @ 10:29 pm By Samantha Hurst  |  

Simple, a U.S. fintech and subsidiary of BBVA USA, has launched a tax refund feature that helps customers build savings by designating a portion or all of their anticipated tax refunds to their Simple saving accounts. Simple reported that the feature is one of a… Read More

March 13, 2020 @ 11:17 pm By Samantha Hurst  |  

Cryptocurrency exchange platform Coinbase announced on Thursday it has launched Bitcoin transaction batching, which is a new feature that reduces the load that the platform puts on the Bitcoin blockchain and may actually save uses more than 50% on network fees. Coinbase further explained: “We… Read More

March 13, 2020 @ 11:04 pm By Samantha Hurst  |  

Banco Santander, S.A. (BME:SAN) announced on Friday it has acquired the majority stake in Mercury TFS, a Spain-based company that specializes in software solutions that automate the end-to-end management of trade finance transactions for corporate customers, for €30 million. According to Banco Santander, the transaction… Read More

March 13, 2020 @ 3:05 pm By Samantha Hurst  |  

PolicyMe, a Canada-based insurtech startup, recently announced it secured $3.3 million through its latest investment round, which was co-led by Consorcio – HCS Capital and Westdale Properties. Founded in 2018, PolicyMe is on a mission to simplify life insurance, offering customized, and automated advice for… Read More

March 13, 2020 @ 2:48 pm By Samantha Hurst  |  

CreditEase Fintech Investment Fund (CEFIF) announced on Friday it is participating in a $36 Million Series B+ financing round in Fenbeitong, a corporate expense management startup based in China, alongside Eight Roads, Glade Brook Capital, Ribbit Capital, IDG Capital, and China Growth Capital. Founded in 2016,… Read More

March 13, 2020 @ 2:36 pm By Samantha Hurst  |  

Wombat Invest, a UK-based investment app, announced earlier this week it now has more than 12,500 users on its platform. This news comes just after the company secured its initial £250,000 funding target on equity crowdfunding platform Seedrs.  As previously reported, Wombat Invest offers investors… Read More

March 13, 2020 @ 8:12 am By Samantha Hurst  |  

Online payments company Skrill announced on Friday it is dropping all fees and foreign exchange charges for those using its Skill Money Transfer service to send funds to Italy. Along with the transfer fee drops, there will also be no charges for recipients in Italy…. Read More

March 12, 2020 @ 10:28 pm By Samantha Hurst  |  

the Bike Club, a UK-based platform that offers pay monthly kids bikes that are exchanged as children grow up, is set to close its equity crowdfunding campaign on Crowdcube with more than £550,000 in funding from over 300 investors.  As previously reported, the Bike Club… Read More

March 12, 2020 @ 10:12 pm By Samantha Hurst  |  

KoreConX announced on Thursday the launch of the Direct Issuance Platform for use by companies for their capital raising around the world. The company reported that the platform provides companies an end to end solution to allow them to offer their securities to investors with… Read More

March 12, 2020 @ 3:30 pm By Samantha Hurst  |  

Mastercard announced on Thursday it has formed a global partnership with Samsung in order to enable digital access to consumers and small businesses in emerging markets through its extensible Pay on Demand platform. According to Mastercard, the Pay on Demand platform is designed to accelerate… Read More

March 12, 2020 @ 3:10 pm By Samantha Hurst  |  

IOTA Foundation, a non-profit foundation focused on distributed ledger technology and permissionless ecosystem development, announced on Thursday it has formed a partnership TradeMark East Africa with a mission to improve East African trade and global competitiveness using IOTA’s ledger technology. According to IOTA, TradeMark East… Read More

March 12, 2020 @ 8:31 am By Samantha Hurst  |  

Bitfarms, a Canada-based crypto mining firm, announced on Wednesday the resignation of its CEO, Wes Fulford. The company reported that its Chief Strategy Officer and Director, Emiliano Grodzki, will act as interim CEO and will oversee the execution of the company’s plans in the near-term…. Read More

March 12, 2020 @ 8:18 am By Samantha Hurst  |  

Paysafe Group, a global payments provider, announced on Thursday it has expanded its strategic partnership with Mastercard. Paysafe reported that the new agreement was designed to support its growth and card acceptance in the European Economic Area (EEA) with a particular focus on Paysafe’s card… Read More